The Electricity Market Reform (EMR) is the Department of Energy and Climate Change’s statutory consultation on the government’s preferred electricity market framework.
The Government sees nuclear, renewables and carbon capture and storage (CCS) as essential elements of the UK low carbon electricity mix needed to achieve its energy and climate policy goals. It recognises that to deliver this new low carbon generation with stable, predictable and transparent returns, a redesign of the market mechanism is required. As a result the EMR was launched in December 2010.
The EMR is specifically targeted at addressing investor criteria, to make the UK an attractive place for energy investments.
The consultation closed on 10 March 2011, with primary legislation to follow in 2011 and secondary legislation expected in 2013/14. More information on the EMR Consultation.
npower has worked with other RWE companies in the UK to develop a full response to the consultation. RWE UK's consultation response is available here.
The Energy Market Reform sets out four key proposals:
Part of the Industry Response
Dr John McElroy, director of policy & public affairs at RWE npower, gave verbal evidence to the Energy and Climate Change Select Committee on Wednesday 2nd February 2011.
Giving businesses a voice
At npower we feel that it’s vital that UK businesses are given a voice in the Department of Energy and Climate Change’s consultation on the proposed UK Electricity Market Reform. To facilitate this we:
We collated the results of these activities and developed a comprehensive report that captures businesses’ views on the EMR. We submitted this report to the Department of Energy and Climate Change on Friday 4th March for consideration as part of the consultation.
Here is a ten-minute video of highlights from the roundtable event: